Fuelcell Energy (FCEL) Debt to Equity (2010 - 2026)

Fuelcell Energy's Debt to Equity history runs 17 years deep, the most recent figure standing at $0.02 for Q2 2026.

• On a quarterly basis, Debt to Equity fell 13.98% year-over-year to $0.02 in Q2 2026; TTM through Apr 2026 was $0.02, a 13.98% decrease from a year earlier, with the FY2025 full-year figure at $0.02, down 1.03% from the prior year.
• Debt to Equity was $0.02 for Q2 2026 at Fuelcell Energy, down from $0.03 in the prior quarter.
• Over the last five years, Debt to Equity for FCEL reached as high as $0.03 in Q3 2025 and fell as low as $0.01 in Q3 2023.
• A 5-year average of $0.02 and a median of $0.02 in 2023 frame the typical range for Debt to Equity.
• The widest annual swing landed in 2022, when Debt to Equity plunged 63.44%; it then surged 75.06% in 2025.
• Tracing FCEL's Debt to Equity over 5 years: stood at $0.02 in 2022, then retreated by 24.7% to $0.01 in 2023, then jumped by 65.96% to $0.02 in 2024, then dropped by 1.03% to $0.02 in 2025, then rose by 0.89% to $0.02 in 2026.
• According to Business Quant data, Debt to Equity over the past three periods registered $0.02, $0.03, and $0.02 for Q2 2026, Q1 2026, and Q4 2025 respectively.